Management styles
This type of leadership could also be called laissez faire
Delagative
Where do airlines advertise points or miles?
Credit card promotions
What kind of FBO has many services, from rentals to lavs and fuel?
Full service FBO
This failure is often too focused on by managers
Failure to focus on profit
What rule is reward for risk associated with
high risk, high reward. Low risk low reward
When there is a democratic leader they are this type of manager
Participative
When paying rent, your payment is...
fixed
An FBO might close it's doors if this is mentioned at a GA airport
Airport closure
Delays can be expected if this is not focused on
time management and priorities
A company bonus is what type of profit?
Reward for Effort
This type of leader has clear expectations and timelines, but wants a task done their way.
Authoritarian
What are the four P's of marketing?
Product, Price, Placement, Place
What are some reasons FBO's are favored?
location, services, friendliness, ect
When an old business doesn't update it's business model, it is a...
failure to predict industry trends
The profit from a rise in worth of an asset is called
Return on Investment
what is the common rule for delagation?
associate needs to be 80% ready for the task and 20% uninformed and willing to learn.
What kind of business is done for fun, not focusing on profit?
A hobby business
How can an FBO single out profit at an airport?
Monopoly on services
It is important for a delegative manager to focus on these failures
lack of priorities, indecisiveness and lack of systems, and poor time management
More profit can be achieved through repeat customers. This is called
Social responsibility
It is very important to set timelines and expectations for this type of leadership
Delagative
It is important for a business to do this in order to spend less money
Budget
Fuel prices are heavily influenced by
availability at the airport
This failure is the most annoying for employees
failure to acknowledge and accommodate people's work styles
The ratio of money made versus money spent
Profit to sales ratio